Trulia CEO Sells $481,728 in Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint sold 10,400 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $46.32, for a total transaction of $481,728.00. Following the transaction, the chief executive officer now directly owns 1,517,159 shares of the company’s stock, valued at approximately $70,274,805. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded down 8.41% on Tuesday, hitting $41.61. 2,234,347 shares of the company’s stock traded hands. Trulia has a 1-year low of $14.69 and a 1-year high of $52.71. The stock has a 50-day moving average of $45.85 and a 200-day moving average of $36.68. The company’s market cap is $1.354 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $27.69 million. Trulia’s revenue was up 76.6% compared to the same quarter last year. On average, analysts predict that Trulia will post $0.22 earnings per share for the current fiscal year.
A number of research firms have recently commented on TRLA. Analysts at Deutsche Bank raised their price target on shares of Trulia from $47.00 to $50.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $42.50 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Trulia to $51.00 in a research note to investors on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $48.50.
Trulia, Inc is a real estate search engine company. The Company offers free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them enhance their online presence.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.